Dai-ichi Life Insurance led a $120m Series C funding round in YuLife.

Dai-ichi Life Insurance, a life insurer, led a $120m Series C funding round in YuLife, an insurtech company, with participation from Creandum, LocalGlobe, Target Global, Latitude, Anthemis, OurCrowd, Notion, MMC and Eurazeo. “Dai-ichi Life is committed to supporting companies that have a proven track record of changing people’s lives for the better, and YuLife does exactly that, by bringing tangible value to financial products to bolster individuals’ well-being. YuLife has immense potential to build on its achievements to date, and we are thrilled to invest and help propel YuLife toward its next steps and scale its global operations. YuLife shares our ethos of harnessing the latest trends in technology to make a genuine difference to the lives of those using financial products,”Toshiaki Sumino, Dai-ichi Life Director and CEO.